Asia

January 11, 2017 @ 8:49 am By Xu Gao  |  

JD & UnionPay Cooperate to Create a “Wall Street + Silicon Valley” Fintech Mode On January 4th, China UnionPay and JD jointly announced a new partnership that JD would become a new member of UnionPay’s acquirer team. Both sides will give full play to their… Read More

January 11, 2017 @ 7:49 am By Jessica Pham  |  

Japan’s Financial Services Agency (FSA) has cleared the Japan Exchange Group (JPX) to use blockchain in trading, according to Nikkei Asian Review.  Such fintech tools might make trading more efficient.  JPX operates the Tokyo Stock Exchange (TSE), the largest stock exchange in Asia and fourth largest… Read More

January 10, 2017 @ 2:55 pm By Samantha Hurst  |  

Postal Savings Bank of China (PSBC) announced on Tuesday it has teamed up with IBM to launch its blockchain-based asset custody system. As part of its work, the bank has also successfully executed more than 100 real business transactions on the blockchain since the system… Read More

January 9, 2017 @ 11:02 pm By JD Alois  |  

CoAssets Limited, a Singapore-founded Fintech firm that is listed on the ASX (ASX:CA8), has launched a newly incorporated subsidiary, CoAssets Real Estate (Care) Pte Ltd. CoAssets described the new subsidiary as part of the company’s long-term growth strategy. The new CoAssets subsidiary will provide “a… Read More

January 9, 2017 @ 10:11 pm By Jessica Pham  |  

Indonesia has released a new set of regulations for the fintech sector, in particular, for peer to peer lending platforms. According to a report in Deal Street Asia, the Indonesian Financial Services Authority (OJK) laid out the following rules: Registration – P2P lending (pinjam meminjam) startups must… Read More

January 9, 2017 @ 9:21 am By Samantha Hurst  |  

On Monday, Verint Systems, Inc. (Nasdaq: VRNT) announced that Chinese fintech firm CreditEase, is set to use is Verint’s Speech Analytics, along with Call Recording, and Quality Management, as a way to support the transformation of its customer engagement platform. CreditEase reportedly stated that since it implemented Verint’s… Read More

January 9, 2017 @ 8:53 am By Samantha Hurst  |  

Marketplace lending platform, China Rapid Finance, announced on Sunday it has teamed up with Tencent’s wealth management platform, Licaitong, to provide new investment products for individual investors. The online lender stated that with it as the screening party for the underlying assets, the first-phase products on… Read More

January 9, 2017 @ 6:57 am By Jessica Pham  |  

Kellerhhof International Sdn Bhd led RE/MAX Malaysia‘s equity crowdfunding campaign over the past month to aim to raise MYR 200,000 (approximately $45,000).  The campaign on CrowdPlus.asia finished yesterday and resulted in RE/MAX Malaysia successfully surpassing its minimum goal, raising MYR 322,888 (approximately $72,000).  RE/MAX Malaysia offered… Read More

January 8, 2017 @ 3:29 pm By JD Alois  |  

Mr. Crowd is a FINRA approved Reg CF crowdfunding portal. Created by founder Allen Au, Mr. Crowd is a part of the US incorporated Ksdaq corporation.  While incorporated in the US, Ksdaq’s primary place of business is Hong Kong making it a bit unique. Today, Mr…. Read More

January 4, 2017 @ 10:49 pm By JD Alois  |  

Silver Bullion is a one of a kind online lender. The peer to peer lending platform based in Singapore is a secured lender that backs up each loan with gold or silver bullion. Launched in mid-2015,  Silver Bullion has just announced it has surpassed S$20… Read More

January 4, 2017 @ 9:42 am By JD Alois  |  

    Credit China FinTech Holdings Limited, along with China Huarong International, Shanghai Xinhua Publishing Group, Jilin Province Investment Group have launched the Asia Fintech Merger and Acquisition Fund with more than RMB 10 billion (approximately $1.44 billion) in value. In addition to the aforesaid state-owned… Read More

January 4, 2017 @ 9:02 am By Xu Gao  |  

Shanghai Launches New Regulatory Rules for Online Micro-Lending On 30th December 2016, Shanghai Municipal Financial Service Office published its first local regulatory rules for online micro-lending. According to this regulation, natural persons may borrow up to ¥200,000, while upper limit for lending to a legal… Read More

January 3, 2017 @ 7:46 am By Jessica Pham  |  

The World Bank established the Financial Sector Development Project to support Myanmar’s SMEs — the latest sign of progress in the country’s economy.  The five-year project includes $100 million in credit, which will be used to allow SMEs increased access to financial services.  The project will… Read More

January 3, 2017 @ 7:30 am By Jessica Pham  |  

Over 25 startups in the online lending space have rapidly emerged over the past two years, according to TechCircle analysis.  Despite signs that global fintech investment was slowing in 2016, VCCircle‘s analysis for 2017 suggests that such investment may pick up again. Arti Singh and… Read More

December 29, 2016 @ 9:58 pm By Jessica Pham  |  

Standard Chartered Bank Taiwan opened a digital branch called iWealth in Taipei earlier this month.  iWealth is another component of the London-based bank’s foray into fintech in the Asia-Pacific region.  SC Bank will invest $1.5 billion in Taiwan over the next three years, focusing on… Read More

December 29, 2016 @ 8:40 pm By Jessica Pham  |  

When Indian Prime Minister Narendra Modi announced in November that the country would no longer use its R500 and R1000 (approximately $7.50 and $15.00) currencies — which make up 86 percent of all cash in circulation in India — observers questioned the wisdom of the… Read More

December 29, 2016 @ 8:37 am By Erin Hobey  |  

Indian mobile wallet platform MobiKwik announced that it had signed the millionth merchant on its payment network, registering 1,000 percent growth since the demonetization of high value currency notes. The company recently partnered with Amul and NASVI to facilitate acceptability and adoption of digital mode of payments. “We are committed… Read More

December 28, 2016 @ 9:04 am By Samantha Hurst  |  

The Hong Kong Monetary Authority (HKMA) recently announced it has teamed up with the Applied Science and Technology Research Institute (ASTRI) to launch the Fintech Career Accelerator Scheme (FCAS) to meet the growing needs of the fintech industry in Hong Kong. According to both of… Read More

December 28, 2016 @ 6:30 am By Jessica Pham  |  

China’s Global Times has reported that the country established a foundation focused on financial and technology mergers and acquisitions throughout Asia.  Asia Fintech Fund of Funds (FOF) is based in Beijing and has 10 billion yuan (approximately $1.44 billion) in funding. Asia Fintech is the second… Read More

December 27, 2016 @ 11:34 am By JD Alois  |  

CreditEase has been recognized as the  “Best Non-Bank Private Wealth Product” by The Asian Banker, a Singapore-based provider of strategic intelligence on the financial services industry. The “Best Non-Bank Private Wealth Product” award was created to recognize the institution with the ability to meet the… Read More